Hello, my name is Cory Lamont. I am the director of brokerage and regulation and licensing for the Wisconsin Realtors Association. Today, you have chosen to watch the WV 15 commercial offer to purchase forms update. I am assuming you have a version of the form in front of you. The good news is that this should be short, sweet, and simple. All we're going to do is highlight the things that are unique or different to the form compared to the 2,000 version. The good news is, if you're comfortable with the WV11 residential offer to purchase, the majority of items are the same. So, the theory behind every form's creation now is that you use the residential offer to purchase as a base and then customize sections of the form based on what type of transaction you're dealing with. The trick when you're dealing with commercial offer to purchase documents is that it's basically a base form and it's going to require quite a bit of customization depending on what type of transaction you're involved in. So, just remember that in a lot of your circumstances, you're going to have to make additional changes or additions to this form. So, use addenda, use attorneys, and all of those types of related issues when you're dealing with commercial transactions. If you would like more detailed information, we have a wonderful March 2012 legal update written by Debbie Conrad that you can spend hours and hours reading, looking at, and studying. It may only take you a few moments to read it, but it is something that's constantly out there on our website for you to use as a resource. That's the March 2012 legal update. The other thing that you may want to look at is that the layout of the form...
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